Umicore raises 2026 outlook after H1 earnings beat forecasts (updated)

Umicore SA

31/07/2026 07:01

Adds value of synergies in paragraph 5, buyout timeline in paragraph 6
July 31 (Reuters) - Belgian metal recycling group Umicore UMI.BR raised its full-year earnings outlook on Friday after first-half adjusted profit beat analysts' expectations, helped by strong performances in its recycling and specialty materials businesses.
First-half adjusted earnings before interest, taxes,  depreciation and amortization (EBITDA) rose 33.5% year-on-year to 577 million euros ($663.95 million), compared with analysts' forecast of 530.5 million euros in a Vara consensus poll.
The company now expects full-year adjusted EBITDA to come in slightly above 1 billion euros.

Revenue excluding metals increased 7.1% year-on-year to 1.92 billion euros, below analysts' forecast of 1.97 billion euros in the Vara poll.
Adjusted EBIT rose 46.6% to 442 million euros, above the 388.4 million euro forecast
Umicore said results were supported by high activity levels in its recycling business, robust demand across its product businesses and a favourable precious and platinum-group metals price environment.
Specialty materials benefited from strong cobalt momentum, demand for germanium solutions and in semiconductor applications.

($1 = 0.8690 euros)

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 (Reporting by Nathan Vifflin in Gdansk; Editing by Matt Scuffham)
 ((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))